[Federal Register Volume 89, Number 126 (Monday, July 1, 2024)]
[Notices]
[Page 54461]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-14371]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
is adopting a proposal to extend for three years, with revision, the 
Reporting Requirements Associated with Emergency Lending Under Section 
13(3) (FR A; OMB No. 7100-0373).

DATES: The revisions are effective July 31, 2024.

FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance 
Officer--Nuha Elmaghrabi--Office of the Chief Data Officer, Board of 
Governors of the Federal Reserve System, [email protected], (202) 
452-3884.
    Office of Management and Budget (OMB) Desk Officer for the Federal 
Reserve Board, Office of Information and Regulatory Affairs, Office of 
Management and Budget, New Executive Office Building, Room 10235, 725 
17th Street NW, Washington, DC 20503, or by fax to (202) 395-6974.

SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board 
authority under the Paperwork Reduction Act (PRA) to approve and assign 
OMB control numbers to collections of information conducted or 
sponsored by the Board. Board-approved collections of information are 
incorporated into the official OMB inventory of currently approved 
collections of information. The OMB inventory, as well as copies of the 
PRA Submission, supporting statements (which contain more detailed 
information about the information collections and burden estimates than 
this notice), and approved collection of information instrument(s) are 
available at https://www.reginfo.gov/public/do/PRAMain. These documents 
are also available on the Federal Reserve Board's public website at 
https://www.federalreserve.gov/apps/reportingforms/home/review or may 
be requested from the agency clearance officer, whose name appears 
above. On the page displayed at the link above, you can find the 
supporting information by referencing the collection identifier, FR A.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, With Revision, of the Following Information Collection

    Collection title: Reporting Requirements Associated with Emergency 
Lending Under Section 13(3).
    Collection identifier: FR A.
    OMB control number: 7100-0373.
    General description of collection: Section 13(3) of the Federal 
Reserve Act provides that the Board may authorize any Federal Reserve 
Bank to extend credit to an individual, partnership, or corporation, 
subject to conditions. The Board's Regulation A establishes policies 
and procedures with respect to emergency lending under section 13(3). 
The FR A is the Board's information collection associated with 
Regulation A. The FR A consists of reporting requirements for entities' 
compliance with the terms and conditions of the emergency lending 
facilities.
    Frequency: Event-generated.
    Respondents: Persons or entities borrowing under an emergency 
lending program or facility established pursuant to section 13(3).
    Total estimated number of respondents: 10.
    Total estimated change in burden: (257,250).
    Total estimated annual burden hours: 55.
    Current actions: On March 7, 2024, the Board published a notice in 
the Federal Register (89 FR 16570) requesting public comment for 60 
days on the extension, with revision, of the FR A. The Board revised 
the FR A by removing certain reporting and disclosure requirements that 
were specific to COVID-19 era lending facility programs established in 
2020, which have since ceased operation. The comment period for this 
notice expired on May 6, 2024. The Board did not receive any comments. 
The revisions will be implemented as proposed.

    Board of Governors of the Federal Reserve System, June 25, 2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024-14371 Filed 6-28-24; 8:45 am]
BILLING CODE 6210-01-P